Archive for June, 2011
Jun 27
Some fifteen per cent of borrowers have never changed their mortgage lender, according to research from Go Compare.
Go Compare’s business development director, John Miles, said: “Against a backdrop of rising prices for fuel and groceries, car insurance premiums at record highs and low interest rates on savings, consumers could make much needed savings by reviewing their financial products and switching to a better deal. But as our survey reveals nearly a quarter of consumers haven’t switched on to the benefits of switching.”
There could well be a whole host of far more attractive mortgage deals out there, but how do you find them? Comparison websites are all very well, but did you know, not every deal can be found on them? (more…)
Jun 24
Knowing who you can trust when it comes to your money is often a dilemma that people across the UK face. In most cases, buying a home is the most expensive and important financial decision of a lifetime. If you are in a position where you are ready to invest in a property but are unsure of what’s involved, feel overburdened by getting the right mortgage or just want to leave everything in the hands of someone who knows what they are doing, invest in advice from a whole of market mortgage adviser. (more…)
Jun 20
When moneysupermarket.com questioned UK consumers on their approach to repaying debt, they found one in seven (14%) made only the minimum repayment each month. 10% do so because that is all they can afford, whilst 4% go down that route in order to free up disposable income. (more…)
Jun 13
If you have an interest only mortgage and are heading for or in retirement, you may well have just received the shocking news that you are fast approaching your redemption date.
Perhaps you had planned to repay your mortgage by downsizing to a smaller property or selling up and moving in with relatives? If so, it may well be the case that you are facing the concern that stares many property sellers in the face lately: difficulty in selling. (more…)
Jun 10
A lot has been written recently about how the current property market is making it difficult for first time buyers to get on the property ladder. Although this is true, there is no shortage of people looking to take their first step into home ownership. If you fall into this category, there is a lot of consider. So much in fact, it pays to invest in first time buyer mortgage advice. (more…)
Jun 06
Using a mortgage broker to fully handle a mortgage application takes away all the pressure. A broker will also go out of their way to find you a suitable product by scanning the whole of the market, something you know you don’t have the time to do.
According to a recent Halifax report which looked into the attitudes and behaviour of the younger generation toward home-ownership in the economic downturn, two thirds (64%) of non-homeowners believe they have no prospect whatsoever of buying a home. (more…)
